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Posts tagged ‘UHT Milk Market’

Global UHT Milk Market is expected to reach US$137.7 bn, by the end of 2019

Growing apartment culture coupled with lack of cold chain infrastructure is driving the global UHT milk market. The market is mainly driven by increasing consumption of UHT milk in China and Latin American countries such as Brazil whereas in Europe it is significantly impacted by the Euro-zone crisis, and is declining in some of the key markets.

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Global UHT Milk Market Rises due to Lack of Chill Chains and Storage Space in Developing Economies

Persistence Market Research has released a research report on the food and beverages industry, titled “Global Market Study on UHT Milk: Asia Pacific to Witness Highest Growth by 2019”. According to the report, the global UHT milk market is progressing at a CAGR of 12.80% in a forecast period from 2013 to 2019. The global UHT milk market in 2012 was recorded at US$60.8 bn. By the end of 2019, the market is expected to reach US$137.7 bn.

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New York City, New York, Oct 19, 2015: According to estimates from a new market study released by Persistence Market Research (PMR), titled “Global Market Study on UHT Milk: Asia Pacific to Witness Highest Growth by 2019”, the global UHT milk market is poised for a healthy compound annual growth rate of 12.8% from 2013 to 2019. The market, valued at US$60.8 billion in 2012, is estimated to be valued at US$137.7 billion in 2019.

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Global UHT Milk Market Will hit USD 137.7 billion in 2019

New York City, New York, Oct 09, 2015: According to estimates from a new market study released by Persistence Market Research (PMR), titled “Global Market Study on UHT Milk: Asia Pacific to Witness Highest Growth by 2019”, the global UHT milk market is poised for a healthy compound annual growth rate of 12.8% from 2013 to 2019. The market, valued at US$60.8 billion in 2012, is estimated to be valued at US$137.7 billion in 2019.

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South Africa UHT Milk Market Size, Share and Growth to 2019

According to a new market report published by Persistence Market Research “South Africa Market Study on UHT Milk: Market Share of Semi Skimmed UHT Milk to Increase by 2019”, the South African UHT milk market is expected to grow at a CAGR of 11.2% during 2014 to 2019, to reach an estimated value of USD 1185.3 million in 2019.

Browse the full South Africa Market Study on UHT Milk: Market Share of Semi Skimmed UHT Milk to Increase by 2019 report at http://www.persistencemarketresearch.com/market-research/south-africa-uht-milk-market.asp

South Africa is a major dairy-consuming country in the African region where liquid milk accounts for approximately 60% of the total dairy product consumption. The pasteurized milk market in the country has been declining, whereas the UHT milk market is growing at a rapid pace. The UHT milk market in the country is expected to exhibit a double digit CAGR during 2013 – 2019. The increasing acceptability of UHT milk among all economic classes of the country has been a major driver for the growth of this market.

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Global UHT Milk Market: Asia Pacific to Witness Highest Growth by 2019

Less refrigeration space is making UHT milk the best alternative of preservation. Fresh milk needs refrigeration to prevent it from being spoiled by bacteria. Even under refrigeration, fresh milk can be preserved for only a few days. Cold chains or chill chains are required throughout the procurement of milk from dairy farms until it is stored, processed, packed and delivered to the customers. India and China, two of the largest consumers of milk globally, lack chill chains or refrigeration chains. Poor road infrastructure in India remains another restraint in the development of chill chains in the country.

Increasing influence of western culture is also escalating the demand for UHT milk market globally. The changing consumer habits in favor of packaged food products in the populous Asian countries are increasing the consumption of UHT milk in the region. This has also resulted in rise in the apartment culture in these countries, where people generally stock packaged food and beverage items. In the western countries, consumer prefer to stock packaged and processed food items due to their longevity and ease of use.

The degree of competition is quite high in the UHT milk market. Companies in the market are engaged in price wars as reduction in price of UHT milk by one company forces other market players to reduce their prices. Moreover, supermarkets and hypermarkets are the major distribution channels for UTH milk. These retail chains prefer products with the lowest price on offer, thus increasing the competitiveness in the market. Some retail chains have developed their own brands, known as private labels, in partnership with small dairy processors. They keep their prices low, though the quality of their products is not as good as the branded products in the market. Private label companies have a large share in the European market. As the region is undergoing an economic downturn, people are willing to compromise on quality for price, thus increasing the market share of private labels. Product differentiation is low among the branded products as every company in the market offers a range of products with comparable nutritional inputs. This decreases the switching cost for the consumer, resulting in increased competition among industry players.

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